Good Auditing Practice Converts A Supply Chain Into A Value Chain

Audit Management, blog, Compliance Management, Compliance Monitoring Software, Import/Export, Risk Management, Supply Chain

There is often some confusion about the difference between the traditional supply chain and what has come to be known as a “value chain”. In reality, the two usually overlap and can even be the same “chain”. The difference lies in the high-level view of the process, but it can be argued in most cases – if not all – that a supply chain that isn’t also a value chain is a sign of poor business practices.

Today we look at creating a value chain for business, and how effective auditing is just as important as ownership for each link in the chain.

The New Global Economy Lowers Trade Barriers, But Not The Necessity Of Compliance

blog, Compliance Management

The internet has created unprecedented global business opportunities over the last decade or so, giving small companies the ability to compete with big players in countries all over the world. While this revolution is historic on every level, the world is now looking at possibly an even greater development: the breaking down of trade barriers between countries, even those that may have been inaccessible before.

Transparent Audit Results, Compliance Engagement and Workplace Safety

Audit Management, blog, Compliance Management, Risk Management, Work Health & Safety

Workplace health and safety can be a dull topic for employees, in most cases truth be told, but that doesn’t make it any less important. The challenge for management and compliance officers is to create engagement in this area for everyone involved, so that improving work safety becomes a regular part of a team’s goals.
In this article, we look at how companies can get employees engaged in compliance measures, to create a safer work environment.

Protect Your Business and Your People with Auditing

Audit Management, blog, Compliance Management, Risk Management, Work Health & Safety

Auditing has always been an important part of business success, but the recent and ongoing surge in regulations is making it a necessity that is more easily recognised. When auditing is internal and strictly used for company integrity, there can be more of a propensity for slacking. But when outside pressures are brought to bear, which carry the possibility of very steep fines and penalties, there is all the more reason to make sure that you’re compliant.

In this article we look at how companies can improve business and protect employees by auditing for work health and safety.

Too Big to be Non-Compliant, Why Take the Risk

Accreditation/Certification, Compliance Management, Compliance Monitoring Software, Operational Compliance, Regulatory Compliance, Risk Management

As we’ve preached for years now, regulatory compliance is more than just important in business, it’s an absolute necessity. And the larger the business caught in non-compliance, particularly in cases that affect public health and safety, the deeper and wider the implications and consequences of that non-compliance becomes. This has become very evident in the current scandal involving Volkswagen, the third largest automobile manufacturer in the world.
In this article, we look at the potential large-scale consequences of non-compliance, as demonstrated by the Volkswagen scandal.

How HSE Practitioners Can Better Manage WHS

blog, Compliance Management, Compliance Monitoring Software, Work Health & Safety

The Safety Institute of Australia’s is going to be held on 16-17 September 2015, at the Melbourne Convention and Exhibition Centre.
This Convention will bring together industry thought leaders and will encourage national and global involvement across the two days, outlining the need for change in systems and how looking beyond safety disciplines may be the answer.

Compliance Experts are a proud SIA Silver Corporate Sponsor and will also be sponsoring the plenary session titled “Challenging the Paradigm”

In Compliance, Big Salaries Come With Big Risks and Responsibilities

blog, Compliance Management, Compliance Monitoring Software, Operational Compliance, Regulatory Compliance, Risk Management

Compliance has become a huge industry, partly out of wanting to simply do good business, but mostly out of the necessity of complying with ever-increasing rules and regulations from governments and other regulatory agencies.
In response to the new demand, companies are now paying hefty salaries to compliance officers. As with all things, however, great rewards come only from great risks and responsibilities.
In this article we explain why Compliance Officers are earning higher salaries and why they are personally at risk for non-compliance.

Risk Management Doesn’t Mean Risk Aversion

Audit Management, blog, Compliance Management, Compliance Monitoring Software, Risk Management

There is a disconnect in today’s businesses that is causing significant losses in market value. That disconnect is shown in two ways. First, many companies equate risk management with risk aversion. That is, instead of actively monitoring and measuring the risk controls they put in place, they are simply setting the controls in place for maximum risk avoidance and then letting them ride.

Managing the PCI Compliance of 3rd Party Vendors

blog, Compliance Management, Compliance Monitoring Software, Risk Management

Third-party compliance issues can be a nightmare if you don’t do your due diligence (say that five times fast!). The truth is that there is still a lot of confusion when it comes to what third-party service providers are specifically required to be compliant with, but ensuring that compliance is your responsibility if you’re going to deal with them.
To keep your own business safe from costly compliance violations, you must check out and validate the third party service providers (TPSPs) you do business with.